Technological Innovation Spurring New Quality Productive Forces and Its Global Effect

Abstract The proposal of developing new quality productive forces is based on the reality of the domestic economy and the complex international environment in the new era, to develop advanced productive forces needed for Chinese modernization. This paper systematically analyzes three characteristics of new quality productive forces: green, digital and high-tech, and demonstrates the key driving role of technological innovation in accelerating the formation of new quality productive forces. The results show that technological innovation strongly supports the formation of the modern industrial system through basic, critical and disruptive technological breakthroughs and their application to the industrial system, through the transformation of traditional industries, the promotion of emerging industries, and the derivation of future industries. The study shows that the new quality productive forces can help to enhance the value of the industrial chain in developing countries, contribute to the global economic recovery, and form a new economic growth pole. The authors believe that to accelerate technological innovation needed for the development of new quality productive forces, it is necessary to enhance the ability of independent research and development, accelerate breakthroughs in core technologies, seize the commanding heights of technology, and actively build an open technological innovation system.